San Diego County Regional Airport Authority (Airport Authority) has been awarded The Bond Buyer’s 2022 Deal of the Year award in the Far West Region category and named as a finalist for the national Deal of the Year award. The award is for the December 2021 completion of a major bond financing totaling $1.94 billion.
“It is an honor to be recognized by The Bond Buyer for our bond sale,” said Kimberly Becker, San Diego County Regional Airport Authority President & CEO. “The majority of funds we secured from the bond deal will be used to pay for the New T1 program, a project costing $3.4 billion in total. The deal was of significant value as we improve our airport, and we appreciate The Bond Buyer recognizing our efforts. I would like to congratulate the Finance and Legal teams at the Airport Authority on this respected award.”
The Bond Buyer is a print and digital publication that provides news, analysis, and data serving the finance community. The 2022 Deal of the Year awards identify and recognize the year’s most outstanding municipal financings. Entries were judged on several factors including creativity, the ability to pull a complex transaction together under challenging conditions, the ability to serve as a model for other financings, and the public purpose for which a deal’s proceeds were used. To read about the awards, click here.
ABOUT SAN DIEGO INTERNATIONAL AIRPORT (SAN)
Owned and operated by San Diego County Regional Airport Authority (Airport Authority), San Diego International Airport (SAN) is one of the busiest single-runway commercial service airports in the world and the third-busiest airport in California. SAN contributes nearly $12 billion in economic activity for the region by connecting the world to San Diego and San Diego to the world. In November 2021, the Airport Authority began construction on the New T1 which includes the replacement of a new Terminal 1, improvements to the airfield, improved transportation connectivity to the airport, and a new administration building. The New T1 program’s total project budget is $3.4 billion and is estimated to create between 15,000 to 20,000 construction-related jobs. For more information about the New T1 please visit newt1.com. For more information about SAN please visit san.org.